Bitcoin to $700,000, Megadeth NFT debut

Jostling on the shopping streets, accompanied by the sweet smell of mulled wine and vomit, fairy light arms races and bleeding ears from too much Wham. Something tells you: the festival of love is just around the corner. If you’re still looking for a last-minute gift, want to give grandma a special surprise or just want to waste money: Megadeth’s NFT collection starts selling on December 22nd. If only Santa Claus doesn’t hit his head in the chimney from headbanging.

The tokens never sound sweeter

Singer Dave Mustaine didn’t say a word about the selling price. But promised a thrash party like no other: “this is gonna be one hell of a metal adventure”. Including access to a metal, er metaverse, of course. Ideal for anyone who doesn’t feel like ironing out the wrinkles from leftover wrapping paper this year.

Don’t let the frozen facial expression fool you. The former Metallica guitarist responded to the congratulations from the singer of the metal kitsch band Avenged Sevenfold, “M. Shadows”. He’s been roaming around Web3 with his band for a while now. Who knows, maybe the two of them will rock the empty Metaverse halls together. Or, as so often happens, it remains a marketing gimmick.

Bitcoin under the Christmas tree

Bitcoiners, on the other hand, have it easy. They just give themselves gifts. With – drum roll: Bitcoin. Anyone who stocks up now will be amazed “within a year or two”. Then the price should be a whopping $700,000. At least that’s what Bitcoin veteran Adam Back promises. He predicts a flippening – Bitcoin will knock gold off its throne, “sooner or later”.

If you believe Adam Back’s prediction, there’s no stopping it. “Some people are already selling gold to buy Bitcoin.” This “capital flight from physical to digital gold,” Back explains in another tweet, inevitably drags the “gold price down.” It’s your own fault if you haven’t given the gold Rolex watch to the pawnbroker yet. And what if the bored rich kids of Gen-X to Z invest their parents’ saved gold reserves in crypto? A paltry $700,000? We want more!

The money trickles down quietly

Probably no one should be more happy about this than Bitcoin playboy Michael Saylor. The businessman and bon vivant with the squeaky voice has 174,530 digital gold bars on hand with his company Microstrategy. If Back’s prediction were to come true, that would be the equivalent of – well: still as many Bitcoin. After all, die-hard Bitcoiners calculate like this. If it were to become weak at this tempting exchange rate, it would be worth $122 billion.

Saylor, who could have had a career as a fortune cookie author, was not always as convinced of cryptocurrency as his Twitter profile, which is littered with witty calendar sayings, would now suggest. Just ten years ago, the Bitcoin bull made different sounds. “In the absence of a credible sponsor, there is a risk that Bitcoin will be regulated away,” said Saylor, explaining why the price would not rise to $1,000.

Where did the change of heart come from? One does not know. At some point, Saylor got stuck upside down in the rabbit hole. Today he plays the role of the sponsor who was missing at the time. Well, everyone makes mistakes sometimes. The main thing is to learn from it – nothing to be grateful for, Mr. Saylor. This motivational phrase is free. But he doesn’t seem to be running out of them yet. “Everyone is against Bitcoin before they are for Bitcoin,” reads one of the more recent ones on his Twitter profile. How fitting.

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